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CNBC
Dec 17, 2012 11:00pm EST
. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> ever since the horrific hurricane sandy rolled through the northeast wrecking everything in its path, i've been telling you that there are two sides to this natural disaster coin. on the one side, of course, most terrible, sandy was an absolutely horrible human tragedy. caused tens of billions of dollars worth of property damage. the flip side is that the superstorm
CNBC
Dec 3, 2012 9:00am EST
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
CNBC
Dec 17, 2012 6:00am EST
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
CNBC
Dec 18, 2012 9:00am EST
telling us that this is not a balanced plan. they don't like it yet. and then earlier today, senator bob corker was on cnbc kind of pooh-poohing the whole thing. take a listen. >> we're not close to a deal. and i've been trying for three weeks, i've been standing on my head doing cartwheels to try to pivot toward entitlement reform. this is not a deal here. >> so carl, what's going on right now on capitol hill is that speaker boehner is meeting with his republican conference colleagues behind closed doors. we expect that at the top of the next hour, he's going to come out and talk before cameras. we'll get some reaction from his colleagues as well, what they think of this proposal and where they think this negotiation needs to go. but clearly, negotiations are ongoing, and the president and the speaker are coming closer together, whether or not that makes everybody happy or enough people happy to get a deal still remains to be seen, carl. >> eamon, this is a tough one to read. had the biggest movement been in that -- in the line in the sand with regards to how much people need to make to
CNBC
Dec 18, 2012 1:00pm EST
at this point. that's why we have a triple digit advance, up 114 points on the dow jones industrial average. bob pisani with some trading action. the market is aching for a deal. any time we get any sense they are making not even a deal, just they are talking. >> plan b by boehner is a very modest proposal as steve pointed out. the market doesn't care. it's almost as if boehner and obama are in the way and they have to get out of the way. the market deal, even if there isn't a deal, two-month highs on the s&p. look at that, highs of the day, even if you want to be pessimistic, there's not a lot necessarily here that's been going on today. s&p up 14% for the year, folks. we've got a number of new sectors, new highs, financials at new highs, s&p sectors, consumer discretionary group, retailers and home builders also at new highs. look at these home builders, up 4%. an average increase this year. banks and home builders are the two big winners this year. >> kenny, come on in. an independent trader down here at the nyse. mr. geithner in the mix. the administration uses him very effectively to talk t
CNBC
Dec 11, 2012 9:00am EST
boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of those areas is they think we need to negotiate up from this point, not down from this point and cut some sort of a deal that is 4 trillion or greater when you add up the tax increases. congressman levin, would you agree with
CNBC
Dec 17, 2012 2:00pm EST
but aig having a terrific day. mandy? >> indeed, it is, bob. >> if you are watching cnbc, we assume you are interested in the markets, so well do what we do. let's bring in gina sanchez, and steve white. a great note this morning, titled, what happens if and when the fiscal uncertainty lift. generally it is ladies first. but i want to start with steven for a reason. steven, do you believe we can take out the "if a deal get done ". do you believe it is now a matter of when a deal get done. >> it seemed like we would have a deal eventually even if we went into the first quarter of the year. we will have to raise the debt ceiling. the question was would what kind of terror the economy need to live through. what sort of drag was on the economy before there was a deal. the news report suggest that a deal was onity way. >> you know, gina, you've got your portfolio, position for a dark moment before the light. what assumptions are you making with regards to the fiscal cliff? >> we do generally assume a deal will get made but we think there will be squabbling. i would agree there seems to be a
CNBC
Dec 6, 2012 9:00am EST
bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante
CNBC
Dec 20, 2012 9:00am EST
. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> you know it is going to be interesting when snoop city on the floor. time for the mad dash. talk con-agra, stock close to 13-year highs lately. >> jerry rod kin an amazing ceo, one of the best consumer -- one of the best consumer packaged goods men i have he ever seen. moving aggressively a private leve
CNBC
Dec 13, 2012 1:00pm EST
about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happened just a few months ago. i think that's why it is very important. elsewhere, defense stocks. here is a group that's very worried about frustration when mr. bernanke
CNBC
Dec 13, 2012 9:00am EST
. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it hasn't abated. it has continued into the fourth quarter of this year, despite other people's predictions. seen continue outflows in stock mutual funds, the call for 2012 the wrong call, reignited, you mentioned ray dal yo, dave rubenste
CNBC
Dec 14, 2012 2:00pm EST
?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >> 17 days until the fiscal cliff. a key republican lawmaker, congressman kathy mcmorris rogers talking about whether her party would be willing to raise taxes if democrats agreed to serious spending cuts. also, are we on the verge of a market meltdown if a deal is not reached in a timely manner. we'll look at both sides of that issue and we'll hear from somebody who says the biggest trouble facing the fed right now is congress, not the fiscal cliff. maria and i will see you at the top of the hour for the the last hour of the trading day. >>> let's get you up to date on the horrific breaking news in connecticut. at least 18 children shot and killed according to report
CNBC
Dec 17, 2012 9:00am EST
boehner doesn't seem to have the power and grover does. >> the point, again, bob corker's pledge is not to me, it is to the voters of tennessee, that's the argument he's made again and again. if he wants to have a different conversation with the voters, that's his choice. >> why is corker the coolest man on earth? who does he play golf with? peyton manning. >> really? >> he's giving me all the big -- the minimum tax. i said, what are you up to this weekend? he said, i played golf with peyton manning. i said, are you kidding me? that seems to be more important to you than the fiscal cliff. >> 11-3? >> they still need home field advantage. >> they're competing for a first round play-off. what peyton has done is just amazing. steve liesman's exclusive with lacquer. one more look at futures this morning. we'll cover what 10% on squawk earlier today. and a lot more when "squawk on the street" comes right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 l
CNBC
Dec 18, 2012 6:00am EST
bob corker on a little later this morning, too. and we can talk to him about that. he's a big defender of gun rights, particularly in his state of tennessee. >> we did show you the futures. they are indicated higher. you can see right now the dow futures up by 6 points. the nasdaq is up by just about 13 points. we've been watching oil prices this morning, as well. oil prices are up about 50 cents. you take a look at the ten-year, the ten-year note is yielding 7 of 68%. and the dollar this morning is down across the board. euro is trading at 1 is 31.79. the dollar/yen is at 83.86. gold prices have barely budged. they're up about 1.80 to $1700 an ounce. >> maybe kelly knows, that euro, is that a six-month high? >> well, yeah. >> you guys have to keep up. you're not keeping up. you guys have to print. let's go here. >> one of the aggressions after japanese elections, now the bank of japan is under huge pressure to bring more quantitative easing and much more stimulus. one big question is are we going to see the eurozone rs theed to copy that and we're going to see 2013 with quantitative e
FOX Business
Dec 20, 2012 1:00pm EST
in a competitive way. what does bob greifeld do at nasdaq? bob greifeld, basically team that to take over the stock exchange, a deal that was shot down by u.s. securities regulators. what does bob greifeld do? he is up against a formidable player in the stock exchange, new york specializes in stocks, trading equities. these guys specializing in commodities. they have to do something competitively. why did duncan neiderauer sellout? we have a chart and we will show you. it talks about volume. if you look at the amount of trading volume, we have that charge. >> best laid plans. lori: that is double of new york stock exchange, euronext, is that what you're getting at? no. >> what i'm getting at should be on a chart right now, is volume. this is like a amazing. this is coming. move on. there we go. that tells you the story of why duncan niederauer had to sell. look how trading volume shoots up. and it has been coming down ever since. that is bad, bad things. that means if, that means that, revenues, at the new york stock exchange are in a secular decline. that is bad. that means you have to sell. melis
CNBC
Dec 10, 2012 9:00am EST
interesting conversations over the weekend was bob corker saying, let's just go ahead, concede to the tax argument, which would flip the entire spotlight onto entitlements, which is what republicans have been trying to get the discussion to be about over the last couple of weeks. >> when you hear about entitlements, why aren't they talking directly, you know, medicare part b koshcosts x, or medicare a, should cost this. the last thing a republican wants to do is say, look, i'm cutting back medicare. so, i mean, if you switch it to entitlements, suddenly everyone has to say, social security goes from 66 to 68. is that what we do? do we means test medicare? it is so much easier for grover who will be on cnbc, forget the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it d
CNBC
Dec 5, 2012 3:00pm EST
to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a deal. t
CNBC
Dec 17, 2012 3:00pm EST
with our own bob pisani. >> you're looking to the market right now based on the next 12 months. at about $109. we should be trading at around 1740. if we were at the median p.e. of 16 -- >> 1740 on the s&p? >> 1740 would be a 16-forward multiple which is the median since as far back as capital iq has had forward estimatinged earnings. >> right now you're on 1426 on the standard & poor's. let me get your take on this. i recognize there are a lot of ways to look at things. but there's also a technical way to look at something. and that is if a stock is undervalued, maybe it's cheap for a reason. and maybe it will get cheaper. so why do you think that we're supposed to go back to the way history has shown us, when in fact sometimes the stock is cheap for a reason and only gets worse. >> that's what's causing a lot of investors to sit on their hands saying i'm not buying into is the. our forecast is for a 10% advance which is basically what history says we should be experiencing based on where we are now in this low inflationary environment combined with trailing gap earnings going back to t
CNBC
Dec 12, 2012 9:00am EST
here. people feel like it really keeps netflix in the game. >> we want to get a little more from bob, who is in the crowd, where berkshire has halted for news pending at this point. bob, there's been talk that berkshire quietly acoming a big stake in avida. that's now 13%. maybe it has other intentions in terms of ownership with that company. >> significant speculation just from what the news pending is. we don't know what it is. but i want to note, melissa, berkshire class a and class b shares are both halted news pending. the crowd is just sort of standing around here with orders to buy or sell, waiting to find out exactly what the news is going to be. you'll notice we're up again today. the sixth day in a row the dow industrials are up. optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new america
FOX Business
Dec 5, 2012 9:20am EST
morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy
FOX Business
Dec 10, 2012 4:00pm EST
. before we go, you, bob have been known as the president's ear right for banking. >> i'm very close to him. liz: what is happening with the fiscal cliff, him and boehner. >> listen, they have had great meetings with ceo's. they have had three meetings with ceo's. the president wants a deal. boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see where the auction is. go falconning with rfk, jr., her brother. that's what you would like? david: i would like to go falconning. i would have to bid. liz: 5100. david: that is not bad. for a good cause. liz: always. david: apple and google have become french mys. -- frenemis. they are on a bid for kodak patents. we'll have t
CNBC
Dec 14, 2012 1:00pm EST
? who would have thought? i did. we did, bob. we did. got it. made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> as we give you a market check on this new york stock exchange. a lot of the monitors are on news channels covering the shooting in connecticut, the industrials down 4.5% at 13,166. the s&p 500 basically flat at 1416. the nasdaq composite down 14 points as apple continues to slide just a little bit. there's some of the new york stock exchange activities including one stock of great note today. best buy, david favor reporting that the company has given
FOX Business
Dec 18, 2012 1:00pm EST
if people do buy it they know how to take their losses. bob petronis of 24% and we have nielsen at a 20% premium. that is why you see armaron moving, one is television and what is real but determining how much advertisers pay. we watching this, $1.6 billion acquisition. this is why you are seeing a move. why is nielsen doing it? it plans to expand its watched measure to keep tabs on consumer viewing and worsening habits across the television, computers and mobile devices. ashley: thanks, we will be back. tracy: we should tell you charles said is tough on facebook was 24, 17 -- ashley: oh. [talking over each other] tracy: much more on the markets. doug cote, is the market too focused on the fiscal cliff? what he is worried about more is next. ashley: how the dollar is moving, a bit of risk appetite coming back into the market. the result of that, the euro up 132-28 busting through the 131 level, the pound is expensive. go to paris and london. we will be right back. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® for
FOX Business
Dec 5, 2012 11:00am EST
. there is more to come at citigroup. >> looking at the headlines, i would say 11,000 jobs is a bob. roll forward. 900 million of cost savings. it is not unexpected. connell: they save 900 million, i believe, next year. and in 1.1 billion or more after that. do we read into it more and say it is a wall street story? >> we have a new ceo who knows consumer business. try to make his staff and his and person. we have to give him credit for that. bank of america announced something similar. there is still hiring. hiring at a different level. we do training for the new hires. the numbers are approximately flat, there are 2000 hiring numbers should be similar to 2012. ththe still is a hiring gogoing see, do people still want to work on wall street, do they still want to work there? are they looking at different things now than they did before the crisis? >> the numbers are still there. we do a lottof workshops. they are holding up. i think what is happening, the people that want to go to wall street are really excited about that as a career. the marginal people -- connell: they figured they didn't have
FOX Business
Dec 6, 2012 9:20am EST
. bob costas admits he made a mistake addressing half time during sunday night football and that he didn't have time to flesh out his thought properly. last night on bill o'reilly "the factor" he was given moore time. >> i thought it was self-evident it was a domestic violence case, on retrospect i don't back up on anything i said. i think it might be more effective if i said look, if we're looking for perspective on this we're going to have a serious discussion within sports, ongoing, not five minutes of fully tears about it, but a discussion about domestic violence, about the culture of game itself. that would have been more effective and would have led to an understanding of what i was coming from. but i was talking about a gun culture, i never used the word second amendment. stuart: all right, interesting stuff and we're going to stay on the gun issue. a twitter war broke out over the second amendment. our next guest, carol roth went on piers morgan to hash out their differences face-to-face. >> what i don't expect is the interpretation of a lesson on the second amendment of the cons
CBS
Dec 7, 2012 7:00am PST
money, this sunday morning on "face the nation," bob schieffer talks with the author of the bowles-simpson deficit-cutting plan, erskine bowles and alan simpson. >>> here's a million-dollar question. should passengers be allowed to use electronic devices during takeoff and landing? this morning the fcc says yes. it's written a letter urging the faa to allow tablets, e-readers and other portable devices to be used in flight. the chairman of the fcc says personal electronics allow business travelers to do their work while others can stay informed and connected with family and friends. the faa is reviewing whether the devices interfere with the planes' control system. >>> justin bieber is flying high these days in the middle of a sold-out tour. his new album has three hit singles, but he did not get a single nomination this week from grammy voters. a mix of writers, journalists and others in the music industry. ben tracy has reaction to this high-profile snub. ♪ i'd like to you everything you want ♪ >> reporter: apparently grammy voters are not willing to commit to justin bieber.
CNBC
Dec 12, 2012 6:00am EST
're right, bob. that's it. >>> coming up, we'll head to vienna where opec leaders are talking crude prices and production. and what is the ceo of the world's largest retailer saying about the fiscal cliff? i bet he wants to rise above. find out your next question on "squawk box." twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. u.s. equity futures are suggesting a positive open. the dow would open 45 points, the dow 6.5. gains of .4% to.5% across the board. now the weather channel's eric fisher with the national forecast. eric? >> hey. good morning, everyone. our stormy weather for today i
CNBC
Dec 13, 2012 6:00am EST
're so worried about -- >> that's because they want to make money. it's like what bob pisani said. this is just what the traders wanted. okay i'm done, you go. >> let me quiz for you for a second. if they were so concerned about this imbalance, which ostensibly is about the inability of the u.s. government to pay its bills, why aren't they selling the very paper they appear to be buying with abandon? >> because they would like to continue to contribute tax revenues to the ever-growing deficit and money. >> need for employee -- >> but agreement to making money are two different things. >> talk to the guys behind you and find out if they so think the u.s. is -- >> -- exchange guys. these are foreign exchange guys. >> get into the other pit there. go take a walk and come back. i don't get it. if they so think we're out of whack why aren't they selling? >> come over here anthony. all right. hold on. i'll translate. give me the question. >> here's the question. >> steve liesman has a question. >> if the u.s. fiscal situation is so out of balance, if the country is so bankrupt, why isn'
CNBC
Dec 14, 2012 9:00am EST
's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the markets r
FOX News
Dec 22, 2012 3:00am PST
these people up you can't say bob, it's not the end of the world. [ laughter ] >> that didn't happen. >> that was supposed to end yesterday, right? >> yeah. >> here we are. >> good thing we are here. >> wow! >> wake up. the world did not end. >> how many children will be born in nine months. >> storm babies. hey, we had a hurricane irene baby. is that tmi? at least we're not live on television right now. welcome back to "fox & friends" this morning. >> let's talk about the fiscal cliff. of course, it has all of washington and the country on tender hooks. there is always a theory that some people would actually want us to go over the fiscal cliff some democrats because they would finally get the defense cuts that they have been clamoring for and it would actually serve their purposes. i dismiss that. >> to be fair, we have even had some republicans who have said that that they want. members of the tea party don't want to have anything to do with -- they want us to go into default. they want us to face these problems. howard dean on the democratic side saying, look, if we don't do it,
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